EVERTEC (EVTC) COO reports RSU vesting grant and tax share withholding
Filing Impact
Filing Sentiment
Form Type
4/A
Rhea-AI Filing Summary
EVERTEC, Inc. Senior Executive Vice President and Chief Operating Officer Joaquin A. Castrillo-Salgado reported equity compensation activity tied to restricted stock units. The Form 4/A amends an earlier filing only to correct his officer title.
On March 3, 2026, he acquired 31,163 shares of common stock at $28.35 per share as fully vested stock from performance-based RSUs originally granted on February 24, 2023, which were earned based on 2023 adjusted EBITDA and a three-year total shareholder return modifier. On the same date, 17,931 shares were withheld by EVERTEC to cover his tax liabilities related to the vesting of several performance- and time-based RSU awards. Following these transactions, he directly owned 94,440 common shares.
Positive
- None.
Negative
- None.
Insider Trade Summary
2 transactions reported
Mixed
2 txns
Insider
Castrillo-Salgado Joaquin A.
Role
Senior EVP & COO
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Common Stock | 31,163 | $28.35 | $883K |
| Tax Withholding | Common Stock | 17,931 | $28.35 | $508K |
Holdings After Transaction:
Common Stock — 112,371 shares (Direct)
Footnotes (1)
- This Form 4/A is being filed only to correct the Reporting Person's Officer title from Executive Vice President and Chief Financial Officer in the Form 4 previously filed today to Senior Executive Vice President and Chief Operating Officer. Represents shares of fully vested stock issued as a result of the vesting of performance-based restricted stock units ("RSUs"), which were originally granted on February 24, 2023 and earned based on the Issuer's achievement of an adjusted EBITDA target for 2023, subject to a total shareholder return modifier over a three-year performance period. Represents shares of common stock withheld by the Issuer to pay the tax liability of the Reporting Person as follows: (i) 11,176 shares withheld in connection with the vesting of performance-based RSUs granted on February 24, 2023; (ii) 2,129 shares withheld in connection with the vesting of time-based RSUs granted on February 24, 2023; (iii) 2,165 shares withheld in connection with the vesting of time-based RSUs granted on February 29, 2024; and (iv) 2,461 shares withheld in connection with the vesting of time-based RSUs granted on February 28, 2025.
FAQ
What insider transactions did EVERTEC (EVTC) report for Joaquin A. Castrillo-Salgado?
EVERTEC reported that Joaquin A. Castrillo-Salgado received 31,163 shares of common stock from vested RSUs and had 17,931 shares withheld to cover tax liabilities, leaving him with 94,440 directly owned shares after the transactions.
Why was this EVERTEC (EVTC) Form 4/A filed as an amendment?
The Form 4/A was filed to correct Joaquin A. Castrillo-Salgado’s officer title, changing it from Executive Vice President and Chief Financial Officer to Senior Executive Vice President and Chief Operating Officer. The underlying share amounts and transactions remained the same.
Which RSU grants were involved in the tax withholding in this EVERTEC (EVTC) Form 4/A?
Tax withholding covered RSUs granted on February 24, 2023, February 29, 2024, and February 28, 2025. EVERTEC withheld shares from each vesting to pay Joaquin A. Castrillo-Salgado’s tax obligations associated with those RSU awards.